The company’s management team is said to have delivered significant growth in recent years, increasing revenues from £9m in 2009 to £24m in the current financial year. In doing so EPI has become the second largest operator in its market place. The business is well placed to grow organically via further geographical expansion and increased diversification of the services it provides. The company also intends to embark on a ‘buy and build’ strategy as it looks to strengthen its portfolio of clients and services over the next few years.

Today’s announcement represents the sixth investment from Palatine’s second fund, which held its final close in June 2013 at £150m.

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